AT&T CEO John Stankey said he is ‘sad and disappointed’ it didn’t work out…On Monday, AT&T announced that it was spinning off all of the WarnerMedia assets it acquired in the deal…Now, AT&T is worth $39billion less than it was in 2016 – when it announced the Time Warner bid – and $65billion less than it did in 2019 – after the deal was done…
AT&T’s Victory in Time Warner Merger Clears Way for Deal Bonanza…
AT&T’s victory against the federal government’s challenge to a proposed merger with Time Warner furthers the company’s goal of becoming a media powerhouse and may clear potential hurdles for other businesses pursuing similar acquisitions. The case, in which a federal judge rejected the government’s claim that the deal would hinder competition and raise consumer costs, […]
AT&T-Time Warner Merger Doubtful After DOJ Sues To Block It
The U.S. Department of Justice sued to block AT&T’s acquisition of Time Warner today. According to its Complaint, the DOJ believes that if AT&T is allowed to acquire Time Warner, the combined company will gouge its video distribution competitors by raising the price of Timer Warner’s networks. The DOJ’s Complaint lays out two reasons it […]
REPORT: U.S. Will Only Approve AT&T-Time Warner Deal if CNN Is Sold…
The U.S. Department of Justice may block Time Warner’s sale to AT&T if it doesn’t sell CNN first, according to a report from the Financial Times. The $85.4 billion deal was proposed last year, just weeks before the U.S. presidential election. After Donald Trump was elected, some wondered if his disdain for the cable news […]
TREND: 16.7 Million Cut the Cord to Television and DirectTV…
A day after DirecTV parent AT&T said it would lose subscribers because people are ditching their satellite and cable television services — a phenomenon known as cord-cutting — shares of companies heavily invested in the TV industry tumbled. Shares of AT&T, the culprit in Thursday’s sell-off, dropped 6 percent, dragging shares of its presumed merger […]
CNN Faced $100M Lawsuit over Botched Russia Story…
The specter of a $100 million libel suit scared CNN into retracting a poorly reported story that slimed an ally of President Trump’s — and forcing out the staffers responsible for it, The Post has learned. The cable network’s coverage of Trump transition team member Anthony Scaramucci came amid federal scrutiny of corporate parent Time […]
Time Warner CEO: The ‘Real Threat’ to the First Amendment Came from Democrats, Not Trump…
Bewkes said “we should all worry” if someone were seeking to change the First Amendment. He suggested that came from the Democratic Party, which “had a campaign plank to change the First Amendment, and they were doing it in the guise of campaign finance reform”…